Reuters exclusively reported that flat-screen maker LG Display is in a deal to supply high-end TV panels to Samsung Electronics in a deal that would help the South Korean firm turn profitable. For Samsung, the world’s largest TV vendor, the deal highlights how it is looking to expand in high-end organic light emitting diode (OLED) TV...
Reuters exclusively reported that some Hong Kong-based staff with U.S. consultancy Mintz Group have left the city after the firm’s Beijing office was raided by Chinese police in March. The post US consultancy Mintz’s executives leave Hong Kong after China raid appeared first on Reuters News Agency. Source: Reuters Agency
Reuters exclusively revealed that Malaysian tycoon Syed Mokhtar Al-Bukhary is seeking to bring an investor into MMC Port Holdings – a deal that could value the country’s biggest port operator at more than 12 billion ringgit ($2.7 billion). The post Malaysian tycoon weighs selling a stake in $2.7 bln port business appeared first on Reuters...
Reuters exclusively reported that Vietnamese property giant No Va Land Investment Group Corp (NVL.HM) is in talks with creditors to restructure part of its $1 billion foreign debt amid turmoil in one of the country’s top industries. The post Vietnam’s No Va Land in talks with Credit Suisse, others to restructure debt appeared first on...
Reuters exclusively revealed that The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country. The post Congo to hike stake in copper, cobalt venture...
Reuters exclusively revealed that online fashion giant Shein is exploring plans to build a manufacturing hub in Mexico as the company faces increased scrutiny from U.S. lawmakers and looks to expand its Latin America footprint. The post Fast-fashion giant Shein plans Mexico factory appeared first on Reuters News Agency. Source: Reuters Agency
Source: Reuters Agency
Reuters exclusively reported that Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The post Southeast Asian tech giant Sea disbands investment arm appeared first on Reuters News Agency. Source: Reuters Agency
In his first interview since taking the role, Chief Financial Officer Georges Elhedery exclusively told Reuters that HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion. The post HSBC puts global footprint under fresh...
Government officials exclusively revealed to Reuters that India, backed by China, is trying to build a consensus within the G20 group to let countries choose a roadmap to cut carbon emissions instead of setting a deadline to end the use of fossil fuels. The post India, China propose ‘multiple pathways’ on cutting use of fossil...